Fillable Legal Forms With Power Of Attorney
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FAQ
A power of attorney (PoA) is a document that gives another person the legal authority to act on your behalf as per the terms mentioned in the document. In the case of a demat account, the PoA gives the online broker the legal authority to take certain decisions on your account.
The three most common types of powers of attorney that delegate authority to an agent to handle your financial affairs are the following: General power of attorney. Limited power of attorney. Durable power of attorney.
I, [Name], hereby appoint [Attorney in Fact], of [County] County, __________, my true and lawful attorney in fact for me and to act in my name, place and stead and to do any and every lawful act and exercise any and every power that I might or could do or exercise through any other person.
By Arizona law a Durable power of attorney needs to signed in front of one witness and a notary public.
For most people, the best option is to have a general durable power of attorney because it gives your agent broad powers that will remain in effect if you lose the ability to handle your own finances. An attorney can customize a general POA to limit powers even more?or add powers, Berkley says.